India: CK Birla Group’s NEI buys Slovakian auto parts maker Kinex Bearings

India: CK Birla Group’s NEI buys Slovakian auto parts maker Kinex Bearings

Source: Pixabay

CK Birla group-owned National Engineering Industries Ltd (NEI) on Wednesday announced the acquisition of Slovakia-based automotive bearing manufacturer Kinex Bearings. The Delhi-based automotive component manufacturer didn’t specify the value of the transaction, which was conducted through its wholly-owned subsidiary in Europe.